Co Op Land Value

Forum|Forum|2 months ago
April 9, 2026
1 reply
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How do I find the land value of my Co Operative apartment

DavidD66

Level 15

You can use your property tax bill or tax assessment to determine the value of the land. The value on the bill or assessment won't be accurate, but you can take the ratio of the land to the overall value and apply that to the fair market value of the property. For example, if your property tax assessment says the total value of the property is $100,000 and the land is $40,000. The actual value of the property is $150,000, you would take 40% of $150,000, or $60,000.

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skygirlfly21Author

Level 2

Thanks for replying David. I live in a Co Operative building in Manhattan. How would I get the property tax bill or tax assessment as a Share Holder in the Co Operative? Assuming once I get it I would need the total # of shares to determine % allocated to me to then get my portion of the Land Value of the entire building? right?

Appreciate your help!

Monikak11

Level 2

It depends. NYC co-op owners generally do not directly own a percentage of the land. Instead, they purchase shares in a corporation that owns the building and land, granting them a "proprietary lease" for their unit. The corporation holds the title, and shareholders (owners) possess stock certificates rather than a deed, though in some cases, the corporation itself holds a long-term ground lease instead of ownership, in which case the land value would be zero. Check with your owning corporation for more information about your particular property.

To determine the land value for a Manhattan co-op, if appropriate, you would apportion a share of the building's total land assessment, as indicated on the NYC property tax bill, based on your percentage of shares. Use the NYC Department of Finance Property Market Value Review for assessed land value, or apply the percentage of land value from the tax bill to your purchase price.

See this thread for another discussion of this issue, in which users were advised that land value would be zero.

@skygirlfly21